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2019062311702 Torch Securities LLC CRD 133642 AWC lp (2022-1654474821566).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019062311702 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Torch Securities, LLC (Respondent) Member Firm CRD No. 133642 Pursuant to FINRA Rule 9216, Respondent Torch Securities, LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Weston Davis Comment On Regulatory Notice 22-08

This proposed regulation is backwards. Restricting the individual on their financial choices through regulation will only hurt individual investors and benefit wealth or institutional investors. These regulations stink of the wealthy and large institutional investors attempting to protect the market from retail investors. They thought for a long time that they held a monopoly on investment power and could make the markets go their way at their will. The retail investor shook them to the core and showed how little power they really have.